Thursday, 11 Aug, 2022

Business

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Sunday.The key index of Dhaka Stock Exchange, DSEX, rose over 35 points to stand at 4,113 at 10:45am.Trade deals stood at 9,757 with transaction at Tk 456 million. Of the issues traded, 175

United Air honours `free` tickets

DHAKA: United Airlines has pledged to honour airline tickets sold for as little as $0 because of a computer error.The airline, one of the largest in the US, said it was unsure how many steeply discounted tickets it had issued.It temporarily shut down its website and ceased taking

Earnings from knitwear products boost

DHAKA: According to the latest Bangladesh based Export Promotion Bureau (EPB) data, in July this year knitwear products fetched $1.25 billion, registering a 25.24% growth over the same period last year.Of the total export earnings, knitwear items fetched $2.10 billion during the first two

Elaf-Biman partnership renewed

DHAKA: Jeddah-based Elaf Group, a leader in travel, tourism and hospitality services, has renewed its partnership agreement with Biman Airlines, the national carrier of Bangladesh, as its general sales agent for three years.The agreement was recently signed by Mohammad Shah Newaz,

Twitter plans stock market listing

DHAKA: Twitter has announced it has filed paperwork with US regulators ahead of a planned stock market flotation."We`ve confidentially submitted an S-1 to the SEC for a planned [initial public offering]," the company tweeted on its official feed.The stock offering is the most hotly

It Filed Confidential IPO Registration with U.S

DHAKA: Twitter Inc. said it filed for an initial public offering with the U.S. Securities and Exchange Commission, in what would be the most highly anticipated offering since Facebook Inc. “We’ve confidentially submitted an S-1 to the SEC for a planned IPO,” the company said via

U.S. Stocks Fall on Syria issue

DHAKA: U.S. stocks fell, halting a seven-day win streak for the Standard & Poor’s 500 Index, as materials producers slid amid growing concern over Syria and investors weighed the prospects for Federal Reserve stimulus cuts.Barrick Gold Corp. dropped 5.5 percent as the precious metal

Bashundhara Group working silently, says Milon

DHAKA: Daily Kaler Kantho Editor Imdadul Haq Milon, also eminent writer, on Thursday said Bashundhara Group does not believe in publicity and that’s why they are silently working for the people.He came up with the observation while addressing a tree plantation programme in Bashundhara

Permanent pay commission by Oct

DHAKA: Finance Minister AMA Muhith categorically said that the government would implement permanent pay commission to increase salaries and allowances of its officials & employees by October.He made the disclosure in a meeting at his secretariat office Thursday.BDST: 1328 HRS, SEP 12,

Bourses see mixed Thursday

DHAKA: Both the country’s bourses witnessed mixed trend in share-price indices on Thursday.The key index of Dhaka Stock Exchange, DSEX, stands on zero point to stand at 4,077 at the close on the last trading day of the week.Trade deals stood at 128,508 with transaction at Tk 5,652

Challenged people to get loans

DHAKA: Bangladesh Bank (BB) has the authorities concerned to provide loans to physically challenged people from its Refinancing Fund.SME (Small and Medium Enterprise) department of the central bank issued a notification in this connection on Wednesday.The notification said that all the

India’s rupee rises to 3-week high

DHAKA: India’s rupee rose to a three-week high against the dollar on Wednesday, after a string of record lows in recent months, as positive trade data boosted investor confidence and concerns over strikes on Syria eased.The rupee firmed against the dollar to 63.07 during trading on

RMG export rises 17% in July-Aug

DHAKA: Earnings from exports of readymade garments increased by nearly 17 percent year-on-year during the first two months of the current financial year beginning July 1, 2013, according to the data released by the Export Promotion Bureau (EPB). In July-August 2013 period, knitwear

Stocks witness mixed Wednesday

DHAKA: Both two bourses of the country witnessed mixed trend in share-price indices on Wednesday.The key index of Dhaka Stock Exchange rose over three points to stand at 4,076 at the close on the fourth trading day of the week.Trade deals stood at 123381 with transaction at Tk 5,465

Lanka Ventures invests in BD power

DHAKA: Lanka Ventures Plc, a unit of Sri Lanka`s DFCC Bank group, said it had invested 2.0 million US dollars in a 52.2 MegaWatt heavy fuel power plant in Bangladesh.Raj Lanka Power Company Ltd, promoted by Sri Lanka based Lakdhanavi has struck a 15-year deal to supply power bo Bangladesh

VLCC enters BD with own manufacturing unit

DHAKA: VLCC, the home-grown beauty and slimming services brand, has set up a manufacturing facility in Bangladesh with an investment of Rs 50 crore.This will help the company tap into the mushrooming beauty business in the neighbouring country.Mukesh Luthra, Chairman, VLCC, said, “We

Bourses see minor gain Tuesday

DHAKA: Investors witnessed minor gain in the benchmark indices of the country’s bourses on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over two points to stand at 4,073 at the close on the third trading day of the week.Trade deals stood at 124236 with transaction at Tk

City bank eyes $1b market in Malaysia

DHAKA: City bank Ltd of Bangladeshi has opened a branch in Kuala Lumpur to tap on the lucrative remittance market by Bangladesh workers in Malaysia amounting to US$1 billion (RM3.3 billion) a year.City Bank Ltd (CBL) opened its first remittance branch in the city and it will add another 4

Stocks witnessing gain

DHAKA: Trading on the country’s two bourses is underway showing gain in share-price indices on Tuesday.The key index of Dhaka Stock Exchange, DSEX, rose over 24 points to stand at 4,095 at 10:40 am.Trade deals stood at 5,558 with transaction at Tk 238 million.Of the issues traded, 125

BD ranks 110 in WEF capability index

DHAKA: Bangladesh ranked 110th in the World Economic Forum (WEF) capability index in  2013-14 improving eight steps from last year’s standing.The business environment in Bangladesh-2013 report made the disclosure.Centre for Policy Dialogue (CPD) disclosed the report at its office in